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republicans to put higher tax revenue from the wealthy on the table, democrats are scoffing. he they talked happy talk about are skofg.t we only have a auple of weeks to get something ouple of we have to get away from the happy talk and start talking aout specific things. dent obama hasbama has no new witht talks scheduled with congressional leaders but will cong phila suburban philadelphia aiday to press for an immediate bushto extend bush era tax cuts for m ers.blicans call that agningless electioneering. >> we congratulate him on his re-election. we don't know if he has enough todership qualities to push democrats. >> cost savings to health care aregrams like medicare and medicaid. everyry dollar that's ever been secured for anything is sacred. to they'll defend it to the wath, regardless of what it means for jobs or the economy. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people that have paid in over a lifetime into protectecurity and medicare and fully expect the protecti
)s and other places. so supply-side tax reduction certainly counts. .. about the last time around. >> your tax pledges between the representative. if there is a net increase would you say that is in violation of the pledge and are you worried about the words that you are hearing from speaker boehner? is he talking about a net tax increase or are we hearing that rahm? >> he's in favor of revenues that come from growth and needs to see serious spending restraint. i am in favor of revenues to come from economic growth. one of the numbers that doesn't get tossed around is cbo. the cbo says if you grew at 4% a year -- congressional budget office -- they do static modeling. they do a whole bunch of things that i think understate the case for how important growth is or how you get growth, but if you grow 4% a year, reagan numbers instead of 2% a year, france, or obama's high point -- you do that for a decade, to present additional growth, 4% a year, not to present, the federal government lets $5 trillion more than it would have because more people are working. at this point, from the bottom of the re
. >> the fiscal cliff sparks talks of compromise on capitol hill. >> without a deal spending consults and tax increases will kick in at year's end likely sending the country into another recession. >>> several republicans back away from a tax increase. >> if congress does nothing, which congress has gotten pretty good at doing these days we'll go over the fiscal cliff. >> we have to show the world we're adults. the election's over. president obama won. >>> it's a big weekend for shopping. it isn't over yet. today is cyber monday. the biggest day for online sales. >> shoppers are expected to spend $1 billion 1/2 today. >> and some like to shop in bunny slippers. >> and fret mohammed morsi granting himself extra powers. >> sending the country's stock market into free fall. >> buy a ticket for this wednesday's powerball lottery, you could win in the megaball. >> bradshaw with the touchdown. >> giants tommenate. >> officially a time-out. >> cheerleaders shave their head to support the coach diagnosed with leukemia. >> and all that matters -- >> suddenly changes into
. >>> tax time is still a few months away but there are already changes coming along that could force people in the bay area to pay more. cbs 5 political reporter grace lee takes a look at how changes to the tax laws will impact you. >> reporter: tax changes are adding up and it could cost you a lot. governor brown's proposition 30 raised state income tax on those with a taxable income of $250,000 or more to pay for schools and universities. what you might not know is that it's retroactive meaning if you fall in that bracket, the bill is due this coming april. >> i think there's going to be a few people who will be surprised but there was really nothing you could do plan for it. the election determined whether or not this was going to happen. >> reporter: accountants say for a married couple making $250,000 and filing separately it will cost you about $250. it's not a huge bill but in the bay area where real estate is higher and the cost of living is greater, for most households, disposable income is smaller and every dollar counts. >> this is the type of thing that affects us here. yeah. th
on the story. will the tax deduction for your mortgage be sacrificed to fix the federal budget? nancy cordes and dean reynolds look at the proposals. elizabeth palmer shows us what a dictatorship doesn't want you to see: the ruin of a nation in civil war. and africa's mighty elephants are slaughtered for their tusks. so who's buying that illegal ivory? holly williams shows us in a hidden camera investigation. >> oh, wow. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. today susan rice had high hopes for what might have been the most important diplomatic mission of her career so far. but the u.s. ambassador to the united nations' attempt to reach agreement with republican senators today failed. rice is a favorite of the president's to be nominated as secretary of state to replace hillary clinton. if he does nominate race, she would have to be approved by the senate. margaret brennan is covering for us tonight. margaret? >> reporter: good evening, scott. ambassador rice asked for the meetings on capitol hill today in hopes of
. >>> but also this half hour, higher taxes on the table as the country edges closer to that fiscal cliff at the end of the year. some republican lawmakers are rethinking their promise not to raise the taxes. >>> and then here's a tax problem worth having, the tax bill on a record $425 million powerball jackpot that's up for grabs wednesday night. people across the country are dreaming. >> and we all know the chances are beyond slim. i think, the money you are putting down is for the fantasy. just that moment, you go, "man if i won this, wouldn't that be great." you're buying that moment of escape. not buying a real shot. >> you're very familiar with fantasizing, right? >> oh, yeah. >> money. winning. >> helps you get through the day. >>> and later they're back. 'tis the season for my favorite family, the griswolds, what got them together for 30 seconds after 23 years. can't believe it's been that long. details on what they're doing coming up in "the skinny." if you do not like national lampoon's "christmas vacation." you have no soul. funniest holiday movie ever. love the griswolds. >> c
, they still oppose the president's idea to raise taxes on the wealthy. instead, republican leaders want to limit tax deductions and loopholes without an agreement. across-the-board tax hikes will take effect on january 1 without an agreement. here's a breakdown of what would happen. for households earning 20 to $40,000, the tax increase would be $1,200. for householder, 40 to $64,000, the tax hike would be $2,000. and with those incomes of $64,000 up to 6 figures, it would be a $3,500 tax increase. >>> it's not all dire economic news. retailers are still looking for workers this holiday season. why that's encouraging news for businesses. >>> and some amazing video from a jewelry store. a toddler leaves justifies before a car crashes in. ,,,,,,,,,,,,,,,, steady improvement in hiring. but wall street isn't too . as >>> consumer confidence is at its highest level in almost 5 years boosted by a steady improvement in hiring but wall street isn't too impressed by the numbers as stocks are down for the day. you can see right now, the dow is down 58. >>> even though we're in the middle of the h
in the bay area to py more. >>> tax time is still a few months away. but there are already changes coming that could force people in the bay area to pay more. cbs 5 political reporter grace lee takes a look at how changes in the tax laws will impact us all. >> reporter: hopefully no indigestion. the bay area is one of the most vulnerable regions to changing taxes and the reason for that is our cost of living is higher and that means prop 30 could affect a larger number of households here. the bigger problem is looming in the federal tax code and it could cost middle class families thousands of dollars. tax changes are adding up and it could cost you a lot. >> we got to make sure we do it right. >> reporter: governor brown's proposition 30 raised state income tax on those with a taxable income of $250,000 or more to pay for schools and universities. what you might not know is it's retroactive meaning if you fall in that bracket the bill is due this coming april. >> there's going to be a few people who will be surprised but there was really nothing that you could to plan for it. it was, yo
to avoid the tax increases and spending cuts due to kick in early next year. susan mcginness is in washington with all details this morning. good morning to you. >> talks are starting on capitol hill this week amid new signs republicans are willing to take a new look at an anti-tax pledge they made. president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key here is whether or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negot
to avert the so-called fiscal cliff, those are the tax increases and spending cuts that will take effect next year. republicans and democrats continue to squabble over raising taxes and sparing entitlement programs like medicare and medicaid. today the president discusses the issues with leaders of major corporations. he met with small business leaders yesterday. susan mcginnis is in washington. >> reporter: while the two sides remain deadlocked president obama is taking his case to the american people trying to drum up support. republicans are complaining that instead of being out campaigning he needs to sit down with them and work out a deal. it's a short drive up pennsylvania avenue from the capital to the white house but congressional republicans and president obama are getting farther apart in their effort to keep the nation from veering off the so-called fiscal cliff. a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side is having difficulty turning off the campaign. >> reporter: the white house says the campaign
drops on new year's eve, tax hikes and severe spending cuts will kick in automatically unless a deal is reached. wyatt andrews spoke with two men who say they know how it should be done, if only washington would listen. >> reporter: two years ago, the fiscal commission chaired by democrat erskine bowles and former republican senator alan simpson proposed every basic element of the fiscal cliff solution being discussed now. their plan was a mixture of higher taxes, lower spending and the reform of medicare and social security. both men told us sacrifice has to come from everyone. >> all of us have to have some skin in the game to get it done. >> if you want something, pay for it. it's a sick idea, but it is an interesting idea. >> reporter: their biggest idea was to increase revenue by combining both the president's demand for higher taxes on the rich and the republican proposal to get rid of tax loopholes. bowles/simpson would eliminate almost every tax deduction for individuals and corporations, with only a few exceptions for charity donations and home mortgage interests. >> this st
billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key is whether or not the republicans will move away from the id logically rigid tradition which was the grove pledge that they will not go for additional revenue. >> reporter: for the first time the antitax pledge seems to be negotiable. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid the coming grief and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >> i would be very much opposed to raising tax rates, but i believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> we have to raise additional revenues and tax rates on the wealthy. >> reporter: in any deal, republicans insist on big cuts to e
to show some political courage to prevent tax increases and spending cuts from taking effect january 1st. >> there's a menu of options on the revenue side and on the entitlement side, and while there are two parties, they are willing to solve this problem, this is a very easy thing to do technically. >> reporter: republicans are hinting they may be open to a compromise that raises revenue but many are still firm they won't let bush-era tax cuts expire for the wealthiest americans. >> i would be very much opposed to raising tax rates but i do believe we can close a lot of loop holes. >> reporter: democrats say just closing loop holes and limiting deductions is not enough to make a dent in the nation's $16 trillion deficit. >> you've got to raise additional revenues, including tax rates on the wealthy. those have to go up. they have to go up. >> reporter: but many republicans believe the best way to close the gap is reform entitlement programs like social security and medicare. democrats aren't on board yet. >> my concern about raising that medicare retirement age is there will be gaps
a tax increase of 1,200-dollars. for a household airporting 40 to 60 it would mean a tax increase of $2,000. 64,000 up to six figures it would be a 3,500-dollar tax increase. it appears the tax deal is being worked out by two people. house speaker john baner and the president. it's expected to be a mix of revenue increases. probably a small tax hike on the wealthiest americans and spending cuts. of course any deal has to pass the republican controlled house. >>> shoppers don't appear to be too worried about the fiscal cliff. this is shaping up to be the best cyber monday ever. sales are up 28 percent from last year. cbs reporter anthony mason found out the last few days have been busy. even during dinner time. >>> amazon.com's biggest shipping center in phoenix arizona is the size of 28 football fields. last cyber monday it's busyist day of the year, amazon processed 200 orders per second. amazon vice president craig says the company expects business this year will be even better. >> we've hired and are continuing to hire 50,000 seasonal workers to meet customer demand. we need to come
that it is important that congress extends the middle class tax cuts without delay, without drama. and it is because it will help to maintain the increase in the consumer confidence that we have seen. >> reporter: both sides say they are ready to compromise to avoid the nearly $600 billion in tax hikes and mandatory spending cuts, scheduled to kick in on january 1. but the taxes, they remain the sticking point. republicans and congress, they have been long opposed to any tax increases, but the gop lawmakers say that they are open to raising more revenues through the tax reforms. wyoming republican says that entitlement reform will also need to be a part of the solution. >> medicare and social security, they are the two big title waves that are coming at us in terms of the spending. >> reporter: the gop leaders say they will need the democrats to give more in order to cut a deal. >> it is time for the president to present a plan that rises above these wreckless and radical voices on the hard left. >> reporter: the report from the white house economists, they say that the middle class families will
back at work after the holiday break and shifting view op tax -- on tax reform and their demand from democrats. >>> and why more workers at a bay area airport could be allowed to carry firearms. >>> a bay area college launches a new recruiting strategy. why it is spending six figures to target a specific group of students. ,,,,,,,, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- for ways to hit the brakes. >>> and now at 6:30, the fiscal cliff is looming as lawmakers on capitol hill look for ways to
tax increases but they are insisting on larger budget cuts to benefit programs, which democrats oppose. if all sides can't agree on a spending plan before the year's end, automatic tax hikes and across-the-board budget cuts will all kick in. >> we must do everything we can during this short period of time to ensure that middle class families are not hit with $2,200 a year in tax increases. >> i hope cooler heads will prevail as we move through the process. we need to be working together. >> president obama is trying to generate public support for his idea. he will meet with corporate executives at the white house then travel to pennsylvania on friday to push for higher tax rates for the wealthy. >>> after meeting with her harshest critics, senate republicans say they are even more troubled over u.n. ambassador susan rice's initial response to the deadly terror attack in benghazi. in a closed meeting yesterday, rice met with several senators including arizona republican john mccain. rice has been criticized for linking the attack to a spontaneous protest when in fact it was later reveal
fiscal cliff, those tax increases and spending cuts that would kick in next year. lawmakers returned to washington yesterday amid some talk of compromise, but the issue of how to raise revenue remains a critical and hard to overcome sticking point. susan mcginnis is live in washington with more. >> reporter: those changes kick in if no alternative deal is made. as of now, both sides are still talking about their willingness to compromise, but when it comes to that main issue, raising tax rates, both sides are digging in. democratic senator dick durbin will give what's being called a major speech laying out a case for a bipartisan fiscal deal. he's a member of the senate's gang of eight, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for two and a half years. democratic senator mark warner is part of the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore. not because the programs are bad, but because thank goodness, we're living a lot longer. >
, there will be huge automatic tax increases and spending cuts. dave cote knows what's at stake. he's the c.e.o. of honeywell and a member of the simpson-bowles commission which came up with the budget plan. last week, president obama sought his advice. we asked cote to put america's debt into perspective by comparing it to the size of the overall economy. >> our debt is higher as a percent of g.d.p. today than it has been at any time in our history since the revolutionary war with the exception of the end of world war ii when we had a very good reason to be doing that. so we have to do something. >> pelley: what is the size of the problem? >> our net debt today if you include the impact of borrowing from social security is about $11 trillion today and over the next ten years grows to about $20 trillion. that means our annual interest bill would be a trillion dollars a year. it's ridiculous! >> pelley: dave cote knows about fixing finances. he pulled honeywell out of a slump. it's one of america's largest industrial conglomerates. 130,000 employees make products ranging from aircraft parts
of legislation or tax code reform or you name it, what ever the issue is? or is this strictly a candidate- driven phenomenon? >> i do not know. i think it will probably be -- somebody can write a $20 million check on every issue they choose. that is the world we are living in. they can write a check for an issue campaign. they can write a check to bribe -- tried to buy a governor's race. bacon ready check to try to control congress. the poisonous than for our country. in mitt romney's campan, the central actor was not the romney campaign but the super pac's. in our campaign it was the obama campaign. may be the last presidential campaign to be able to say that. >> request and from a student? >> given how unpopular the super pac's are, is there any possibility they might be able to produce some kind of way of stopping money in the future sunday? >> given how unpopular the super pac's are -- i am not sure about that promise, you can talk about that, is there any way to stop them? >> i think we had a 30-ar campaign finance regime in the country that has tried to characterize political money into cat
that the election is over hopefully we'll have a moment in washington where the leaders come together and on tax reform and education and immigration and fiscal policy, now that we're no longer the issue of we have a reelection, that's done. barack obama has run his last campaign and you have divided government. i think the mandate the american people was sending is work together. focus on us not what divides you as politicians, focus on us. and i don't offer misplaced optimism often. because in washington you can get pessimistic quick. but i do have confidence there is path way on tax reform, on continued education reform, on doing some smart things around energy. and that's the test of the ment and the leaders in the senate and houses. can they come together post election. and for a period of time put your needs and the needs of the country first. and i have a great deal of confidence we'll do that. so i look forward to talking to you about the election that just happened. [applause] >> thank you for having me back. it's great to be back at the university of delaware and thank you for coming.
" at the end of the year. some republicans have said they are willing to consider some tax increase but they are insisting on larger budget cuts to benefit programs which of course the democrats oppose. if all sides can't agree on a spending plan before year's end the automatic tax hikes and across-the-board budget cuts kick in. >> we must do everything we can to ensure that middle class families are not hit with $2,200 a year in tax increases. >> i hope cooler heads will prevail as we move through the process. we need to be working together. >> president obama is trying to generate public support for his ideas. he is going to meet with corporate executives today at the white house, then travel to pennsylvania friday to push for highers taxes for the wealthy. >>> susan rice on capitol hill today again to meet with lawmakers. the u.n. ambassador is trying to explain comments she made shortly after attacks on the u.s. consulate in benghazi, libya. yesterday she met with three of her strongest senate critics including arizona republican john mccain. rice first said the attack had grown
in all of the states in the union to raise taxes on the rich. he did that in california. believe me, i am sure that if anybody had an idea it is retroactive. it goes back to january 1st, 2012. a whole lot of people in the state of california owe a whole lot of money they didn't know they owed people. jerry brown is magnificant in the way of reaching manager to move the pea under the pod! >> the pea under the pod? [ laughing ] at the same time the california has massive spending on the cap and trade program. if things don't pan out and he holds himself up responsible for incredible things happening in the state, he will be out there if these things don't work out. >> not just cap and trade, but -- . >> he could be held up for -- . >> he is going to succeed. my cousin is going to succeed. >> my cousin! brown and brown! >> speaking of hi favorite, sutter brown, the corky, the dog, he is so darned cute. they parade that had dog and to get people to vote for prop 30 and it may have worked! >> you know, in politics as in news reporters, if you can get a dog and a kid on the cover, chan
republicans are open top some forms of tax increases and whether democrats will consider cuts to entitlement programs. >>> e elected officials including the governor and all the legislatures are getting their pay cut by 5%. for example, pay for the attorney general palilia harris is being cut to $143,000. that's a hundred thousand less than her replacement. but people don't run for office for the money. >> they're doing it because of a variety of factors, including the pursuit of power, the ambition to go to higher places and also of course hopefully public service that they want to give back to their community. >> the california citizens compensation commission ordered the pay cuts and they cut per diem pay by 18%. >>> carbon monoxide sent more than a dozen people to the hospital in san francisco. the fire department was called to 1223 courtland street about last night over a carbon monoxide leak. there were 14 people at the home that were taken to the hospital. they're expected to be okay, but city officials and pg&e are still trying to figure out what caused the problem. >> when we arrive
them to reconsider their no tax increase pledges. several members of congress now say they are open to raising revenue by limiting deductions for the wealthy. but not by raising their taxes. >> without compromising our principals, we recognize that none of us runs this town. >> today democratic senator dick durbin plans to lay out a proposal for a bipartisan group, the gang of 8, who have been working for a plan to reduce the national debt. if lawmakers don't pass a plan by december 31, tax hikes and budget cuts will kick in. >>> running the risk of autism. the link between pollution and pregnancy. >> plus some of the best child athletes in the country. the bay area kids who have a chance at the ultimate prize. >> but first, stranded at sea. how two men found themselves like this in a dangerous rescue after the break. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step for
thing. they lose part of the tax exemption but they will make money and cell companies love them. >> because it's up in the air. you have nice location on it. and it's getting good connectivity and people don't see it. >> reporter: steeples are the latest place towers are hidden in plain sight disguised as trees, they're in trees even on fast food signs. usually there's controversy no matter where they go. >> churches as independent nonprofits unduly influenced by these contracts. >> reporter: mindy of the utility watchdog group turn worries it could help the companies in lobbying efforts. utilities say no, they just what tonight provide better service from up above the tree line. mike sugerman, cbs 5. >> i talk to god a lot when my cell phone calls drop but probably not in the way mike was talking about. [ laughter ] >> it's going to be a deluge. >> the heavens will open up over the next couple of days. we'll be seeing a lot of rainfall around here perhaps too much in many locations. north bay upwards half a foot to a foot of rainfall by sunday. a lot of rain in a short amount o
, she said at tax stemmed from a protest against an anti-islam video. rice is considered a possible nominee to replace the outgoing hillary clinton as the secretary of state. >>> meanwhile, lawmakers on capitol hill are jockeying for position right now in efforts to fix the federal budget and avoid the dreaded "fiscal cliff." if they don't reach a deal by the end of the year, tax hikes and across the board budget cuts will automatically kick in. susan mcginnis has more on today's efforts to get democrats and republicans a little closer together. >>> reporter: president obama will begin a media blitz this week highlighting his efforts to steer clear of the "fiscal cliff." he will first meet with small business owners at the white house today. at the other end of pennsylvania avenue, fellow democrat senator dick durbin will give what's being called a major speech laying out a case for a bipartisan deal. durbin's a member of the senate's gang of 8, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for 2 1
wanted you guys to take a measure to the voters to raise taxes to get more police because you had these tremendous cuts. the council didn't do that. what are you offering the any chief? what sort of plan are you giving the new chief? >> i believe that's going to be one of the things that the new chief is going to have to do. he's going to have to be able to come in and i think convince the council to be able to bring in more resources so that they can provide more personnel and boots on the ground. >> so you are part of a council. >>> part part of the council. >> there's no doubt it's a bad state for the police down in san jose. i'm talking about the police officers on the street. everyone is very frustrated with the way things have been going. it's been very difficult. >> it has been very difficult. i think that's going to be one of the other things that the new chief is going to have to do. >> i like to think that the council listens because i know i listen when communities come in and gives input. i think that we really need to be able to commit to the community that whatever
duck congress returns this week with barely a month left to avoid the fiscal cliff of mandatory tax hikes and spending cuts. retiring senator joe lieberman today lamented the lack of bipartisanship on capitol hill. >> in my opinion the last two years, 2011-12 have been the least productive and most partisan and uncompromising in my 24 years here. the public seemed outraged at the status quo that produced so little. >> glor: newly elected senator angus king is vowing to help break the logjam by doing what so many others in congress will not, compromise. chip reid caught up with king on the streets of maine. >> if somebody comes to you and says i'm not going to compromise, what they're really saying is i have 100 percent of the truth. i'm 100% right. >> reporter: angus king says he's 100% certain of only one thing. that neither the democrats nor the republicans are always right. that is why when he takes his seat in january as the new senator from maine he will be doing it as an independent. >> the people are absolutely fed up with this nonsense. they have had it with washington not b
it to be a stage set for tax reform. -- this week, you're going to see a lot of focus on the entitlement portion and the republicans have held their tongues. the whole discussion is about revenue. they are marshalling their ceo's to make demands on entitlements. >> so many of the business leaders don't want to go over the fiscal cliff. they really want tax reform to happen. whatever happens, they want this to be a stage setter. >>>> thank you for being on "newsmakers." [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tomorrow on c-span, we look back at august 2011, as the news conferences around the budget control act. this created sequestration. that is split 50-50 between defense and non-defense spending. >> in january, our first week that we were sworn into office, the present as for the increase in the debt ceiling and i made it clear that there would not be an increase in the debt ceiling without changes to the way that we spend the american people's money. shortly after that i was in new york. we agreed that there should be
the so-called "fiscal cliff." a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side are having some difficulty turning off the campaign. >> reporter: the white house says the campaign gives the president support from the american people. >> the election was conclusive in terms of which path a majority of americans want to take. >> reporter: president obama will try to build support when he meets with middle class americans here in washington today. he will ask them how the "fiscal cliff" could impact their lives. on tuesday, he invited small business owners into the oval as of to offer their ideas. >> they had one message for the president at the oval office, they need certainty. please get this deal done as soon as possible. >> reporter: but spend anytime on capitol hill and it's easy to see a deal isn't forthcoming soon. >> there's been little progress with the republicans, which is a disappointment to me. >> their hard left doesn't want to change anything ever. they think any dollars spent or any commitment
-thirds majority to raise taxes 2/3 majority to refer things to the ballot you need a two-thirds majority to override a governor's veto. >> reporter: one issue that could benefit gay marriage. if the supreme court doesn't take up the case the legislature could use its two- thirds vote to put the issue back in front of voters as a ballot initiative. >> but it would take two-thirds just to put it on the ballot. i could imagine democrats thinking about that because on that issue i think democrats think that they are riding a wave. >> reporter: remember all the 11 propositions that you just voted on? the entire process could be changed with a soup majority. the senate president believed it needs to be reformed. >> i think, for example, there is nothing wrong with people with wealth getting involved in the political process, but before you qualify an initiative, you ought to have a responsibility to get, say, 1,000 contributions of $100 or more in order to even qualify in the first place. >> reporter: the question now: will the california democrats go too far to the political left or spend wit
% of hamas rockets. and american tax dollars also provide assistance to the u.n. organizations that support the palestinians. with egypt as mediator, both sides are trying to negotiate a more permanent agreement. israel wants to end weapons smuggling at the gaza. hamas wants to end a five-year border blockade. >>> thanksgiving warning turned into a nightmare for hundreds of people caught up in a major pileup in texas. more than 140 cars and trucks lay twisted and broken. the huge crash happened as holiday travelers tried to navigate through dense fog. drivers could do little to get out of the way. >> i just grabbed my kids, pulled them out of the car and ran. that's all i could do. >> at least two people died and more than 80 were hurt, several critically. and rescue crews credit many drivers for helping each others while first responders were overwhelmed. >>> police in berkeley are hoping you can help smoke out a cigarette thief. he's suspected of burglarizing businesses in neighboring cities also. investigators say he smashes windows to get inside, gets what he's after, then leaves in a b
's defense system that helped intercept 80% of the rockets. and the american tax dollars provided assistance to the united organizations supporting the palestinians. both sides are trying to negotiate a more permanent agreement. israel, they want to end the weapon smuggling at gaza. hamas wants to end the border brigade. >>> troops in afghanistan treated on a feast. including turkey and pie where they even got a game of football before dinner. he told members of the armed services earlier today to wish them a happy thanksgiving to thank them for their service. >> this may be the last holiday away from their families as the u.s. winds down the war. >>> for the bay area mission in richmond, today capped off a week of providing meals to the needy. over the past several days, they were able to feed a hot meal to nearly 2,000 people each day. they also managed to give away 1,200 turkeys and all the fixings to the people in the neighborhood. thousands of people today. but one man took it upon hif to feed as many people as he could, using three simple ingredients cbs 5 reporter linda yee explains.
, the government instantly starts collecting revenue tax wise. >> but some residents believe that won't make much difference. malik yakini runs an urban community garden and sees his idea as a land grab taking advantage of a chance to snap up real estate at rock bottom prices. >> this is great potential to develop that land for the collective good, as opposed to one wealthy individual buying up large tracts of land. >> how close is your house to where we are stand something. >> my house is probably about two blocks down and two blocks up. >> reporter: to convince skeptics hantz build a three-acre pilot site to demonstrate his idea, hantz farm president mike score over saw the project. >> we came in and planted oak on the main part of the property and flowering trees along the perimeter. >> and that's what we are looking at here? >> 900 oak trees on three acres. >> score, who was born and raised in detroit says he already has seen changes in the neighborhood. >> i am the king of the word! >> in an area that was once too dangerous. >> when visitors come to detroit i want them to come because it is
there 300,000 in back taxes. >> and i don't think, you know, with his past history that he should be preaching. at all. >> reporter: things got a little ugly here last month when the pastor showed up for his first day at the church cloaked in his white robe and carrying a bible and some parishioners confronted him outside. >> and basically told him to present his papers. you have to have papers to take over the church. he did not have his papers. >> the parishioner is a reporter for the san francisco post. >> kind of hike a brief altercation, kind of a little shoving and hollering. >> reporter: the church says it is under consideration, the reverend has been back once since being kicked out. >> the what if he stays will it be awkward around here? >> most definitely but we are hoping that will not happen. >> reporter: back to you. >>> they are meant to alleviate traffic but some shuttle buses are causing traffic problems. how they are getting in the way of other people getting to work on time. >> i hope you enjoyed a nice long holiday weekendful the weather did not disappoint. t
: the l.a. times says he used the church's credit cards for $100,000. >> and he owes back taxes. >> i don't think with his past history he should be preaching at all. >> reporter: things got a little ugly here last month when the pastor showed up for his first day at the church, cloaked in his white robe and carrying a bible and some parishioners confronted him outside. >> basically told him you need papers. he did not have the papers. >> reporter: the commissioner say reporter for the san francisco post. >> there was a brief altercation. i don't know, shoving or hollering. >> reporter: the church says the issue is under congratulations. the reverend hunter has been back once since being kicked out. >> you know, what if he stays will it be awkward around here? >> definitely. in san francisco, cbs 5. >> a deadly weekend oakland pushes the number of homicides in the city to 115. that is 5 more than all of last year. the latest victim was found shot to death at 6:00 this morning. the police say they have little inforringmation on that double homicide and no suspects. there were two other
,000 in personal expenses, that he owed them more than $300,000 in back taxes. >> i don't think that with his is the past history that he should be preaching at all. you needed papers to take over the church. >> reporter: they are also a reporter for the san francisco post. >> it is kind of like a brief altercation, like a squirmish, i don't know if it was shoving or anything. >> reporter: but the issue is now under consideration. he has been back since once. >> now, will it be awkward around here? >> most definitely, but we're hoping it will not happen. >> in san francisco, cbs 5. >>> well lining up for sweet memory. >>> i need my twin cays. i come together for my twin cays. >> what happens when a florida hostess store is going out of business fails. >>> moving up the ranks. some lawmakers are sacrificing for a new title. >>> and it's not over until the skinny guy sings. the rolling stones at a new milestone in london. >>> it's been a great travel day. it's our long holiday weekend, that will now come to a close. but we have big changes, rain and a lot of it. your very wet seven-day forecast
area. they do lose part of their tax exemption but still make money and cell companies love them. >> it's up in the air. it's giving good connectivity and people don't see us. >> they're the latest place towers are hidden in plane site. they're disguised as tree. there's controversy no matter where they go. >> churches as independent nonprofits could be unduly influenced. >> she worried it could help the companies in lobbying efforts. utilities say heavens no. they want to provide better service from up above the tree line. >>> a gorgeous night in the bay area. and this is the view from chopper five earlier tonight. beautiful view of downtown san francisco. >> it's going to be a big change tomorrow. i have to get up in chopper five. that what a heck of a nice view. i it will you what we're going to see wind gusts quickly going from nothing to about 30 to 45 miles per hour. tomorrow morning. it will be wet and win i do tomorrow. flooding rainfall is looking more and more likely because we're getting closer to the actual event and the computer forecast models aren't changing. saying a lot
. last year, he reportedly billed tax payers for his upgraded stay in washington the night after his official i ten itenerary had his flying him. >> this is like washing a train wreck. >>reporter: he promised the community that he would have a lot more to say about these allegations but apparently today is not the day. his office did not return our phone calls. >>> actor angus t. jones is singing a much different tune tonight a day after a video was posting, showing his bashing his popular cbs sitcom two and a half men. >> if you watch two and a half men, please stop watching two and a half men. >> tonight, cbs reporter teresa garcia says he's not apologizing. >>reporter: teen actor an discuss angus t. jones a-- angus t. jones is apologizing after a video showing him bashing his hit show two and a half men. the 19-year-old was apologizing for the video posted on youtube by a religious production. the recently converted seventh day adventist appears next to a spiritual guide. >> i'm on two and a half men. i don't won't to be on it . >>reporter: in his apology, he goes on to thank the
now, unless congress and the president take action, the current tax rates will would expire and we will experience the largest tax increase in u.s. history. amid so much economic suffering, raising taxes would have a devastating impact on our economy. we cannot let this happen. republicans believe this is an opportunity to finally solve problems thatwill washington has ignored. whether it is the tax code or entitlement programs that are on a path to bankruptcy, no more short-term mandates or excuses. we can do this right. we can pass on our children and economy of growth and opportunity and government that empowers all businesses and stays out of their way. a country in which everyone has a shot at the american dream. republicans are ready and eager to get to work. we hope president obama is as well. america is a country whose people can do anything and whose leaders can envision a limitless future. today, as you join friends and family, be sure to celebrate as abraham lincoln did, with a hopeful heart. america still has so many gracious guesifts for which to e thankful. >> joined
if the so-called fiscal cliff happens, taxes go up for everybody. then you have a conversation about -- not about raising taxes, but then about cutting taxes. they will have already gone up. the question is whether the president has a great deal more leverage. he basically then is able to say it's because the republicans were too stuck that they went up in in the first place. so there is an argument for actually -- because the cliff isn't an actual cliff. because nothing will happen the day after that is catastrophic there's an argument for actually maybe letting this happen. the president gets even more leverage. >> there's talk about trying to do two things in two phases protect the middle class and let the rest of the stuff go over the cliff for maximum pressure. john dickerson, thank you. >>> slowing down air travelers across the country. nearly 100 flights were canceled this morning at chicago's main airport, o'hare and midway. more than 400 other flights were delayed for an average of 90 minutes. both airports support near zero visibility and they warned that
that demanded so much in taxes and spending cuts it died an instant washington death. that was then. today, the politics have changed. >> say yes to simpson/bowles, mr. president. i'm willing to say yes to simpson/bowles. >> reporter: today the broad outlines of bowles/simpson are the backbone of what's being discussed in the fiscal cliff negotiations. their plan was a mixture of the president's call for higher taxes, plus the republican call for tax reform and lower deductions. in medicare and social security bowles and simpson say the nation has no choice but to cut future benefits for those earning high incomes. we spoke to both men in washington. >> right now the president is under pressure not to touch social security and medicare. >> of course. so don't touch it. let's just let the damn thing rock along, grab your shorts you know get ready for the fun. >> let them go broke. >> let them go. >> if we don't touch them if we just take them off the table, you know what's going to happen? you know? we're not going to be able to spend money on whatever else it is you l
in the steeple. many others are doing the same thing. they lose part of the tax exemption but they will make money and cell companies love them. >> because it's up in the air. you have nice location on it. it's good connectivity and people don't see it. >> reporter: steeples are the latest place towers are hidden in plain sight, disguised in trees, in trees, even on fast food signs. usually there's controversy anywhere. >> churches could be unduly influenced by these contracts. >> reporter: mindy of the utility watchdog group turn worries it could help the companies in lobbying efforts. utilities say heavens no! they just want to provide better service from up above the tree line. mike sugerman, cbs 5. >>> he bashed the very show he stars in. you know why angus t. jones won't be appearing in the next new episodes of "two and a half men." >> package thieves raiding porches and taking gifts. what delivery companies are doing to fight back and protect your presence. [ crickets chirping ] [ traffic passing ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ] [ baby co
his case for raising taxes on wealthier americans. >> republicans say, get off the campaign stump and get in the negotiating room and get this thing done. so it's getting interesting. >>> imagine getting hit with unpaid parking tickets that totaled $100,000. well, a woman, her ex-boyfriend, and the battle over a car that sat for three years accumulating the fines. wow! >> chicago strong. that's how they roll there. >>> later, the secrets you can learn about your health by looking in the moore rohr. there could even be clues hidden in your earlobes. mirror, mirror on the wall. >> is it really? >> who has the creepiest ears of them all? >> little waxy. >>> first did you hear that? no. it's either the clock ticking, the powerball ticket printing or the cash registers ringing. that's for sure. all of it as we get ready for tonight's enormous powerball lottery. >> like my foley effect there? >> very nice. >> the second largest lottery jackpot ever. it's at least half a billion, and strong ticket sales mean that number could go even higher. when players are lining up in the dusty arizon
, how much you pay in taxes, and how schools are funded. so we are seeing a big divide here, liz. >> thank you. >>> an inmate serving five years in a northern california prison got a free pass for a few hours to attend his sister's wedding. cbs reporter ben sosenko asked the sheriff why. >> reporter: edward was supposed to be locked up at jail for five years. what allowed him to be let out for a couple of hours? it was a heartfelt letter written by his sister. nothing was going to keep edward from his sister's wedding not even time in the slammer. >> you know, i have kind of a heart, you know, i guess. >> reporter: calaveras county sheriff gary coons was touched when he read the letter explaining a wedding day promise. >> when her father died,er brother promised her to walk her down the aisle. >> reporter: not on easy promise to fulfill seeing his sister make life long vows in the middle of a five-year sentence on drug and gun conviction. >> i looked out and thought about it for a while and, you know, i figured, you know, what the heck. i'll allow that to happen. >> reporter: so
goal is to bring in more revenue without raising tax rates, allowing both appears to say we stood our ground. high income tacks payers thaksed inco at the top rate. >>> a new arms race in cyber space. many governments are worried hat hackers could get into aeir mainframe computers, eurning to american companies ky, those that can be tricky, though. u.s. company needs a license from the state department before t can work for a foreign country. >>> usa today reports delve straighting drought is expected to last until e >>> we're looking very nice outside right now. the sun is up and looking good today. going to see a lot of sunshine throughout the entire day a few high clouds overhead. we have been seen patchy fog in the valleys. the temperatures now still chilly 39 degrees in santa rosa, 41 in san jose. 54 degrees in san francisco this afternoon, expecting lots of 60s. some places maybe sneaking into the low 70s. next couple of days going to be a beautiful weekend ahead other than some ground fog in the morning, lots of sunshine in the afternoon. >>> this national weather report sponso
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